Egypt for Information Dissemination (EGID) signed a contract with i-Score to host the latter’s information centre, starting in the third quarter of this year. Managing director of EGID, Maher Asham said that the company aims to build a regional financial information centre to enhance the linkage of the Egyptian market to the nearby markets. He told Daily News Egypt that EGID aims to boost its storage capacity from 60 racks to 240 racks with investments of EGP 100m. Managing director of i-Score, Mohamed Refaat, said that the company collects data about borrowers in Egypt and makes it available to the bodies that grant funding. He furthermore pointed out that the company is preparing to compete in a tender for the movable guarantees registry.

Source: Daily News Egypt March 15, 2017 16:52 UTC